RBI Hikes Key Lending Rate, Loans To Get Costlier: 10 Points

All the six members of the Monetary Policy Committee (MPC), headed by the RBI Governor, unanimously voted for the latest rate hike, taking the repo rate to 4.9 per cent.  EMIs set to rise as RBI hikes repo rate; the second increase in 5 weeks. Consumer Price Index (CPI) based inflation, which RBI factors in while arriving at its monetary policy, galloped for the seventh straight month to touch an 8-year high of 7.79 per cent in A...